Acquisitions (Tables)

6 Months Ended

Jun. 30, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of recognized identified assets acquired and liabilities assumed

The following table reconciles the preliminary allocation of estimated fair value of the assets acquired and liabilities assumed to the consideration given for the acquired business (in thousands):

Accounts receivable	$	19,275
Other current assets	1,525
Operating lease right-of-use assets	30,080
Property and equipment	2,636
Goodwill	206,960
Identifiable intangible assets	38,830
Other assets	780
Total assets	300,086
Accrued and other current liabilities	5,001
Non-current operating lease liabilities	30,080
Total liabilities	35,081
Consideration given	$	265,005

The following table reconciles the preliminary allocation of estimated fair value of identifiable net assets and goodwill to the consideration given for the acquired business (in thousands):

Identifiable tangible assets	$	8,852
Identifiable intangible assets	14,340
Goodwill	34,431
Total assets	57,623
Total liabilities	3,175
Consideration given	$	54,448

Schedule of acquired intangible assets

Useful lives for identifiable intangible assets were determined based upon the income approach, which determines the remaining useful economic lives of the identifiable intangible assets that are expected to contribute directly or indirectly to future cash flows.

	Fair Value		Weighted Average Amortization Period
	(in thousands)		(in years)
Customer relationships	$	38,830	9 years
Identifiable intangible assets	$	38,830

Useful lives for identifiable intangible assets were determined based upon the income approach, which determines the remaining useful economic lives of the identifiable intangible assets that are expected to contribute directly or indirectly to future cash flows.

	Fair Value		Weighted Average Amortization Period
	(in thousands)		(in years)
Customer relationships	$	14,340	6 years
Identifiable intangible assets	$	14,340

Schedule of pro forma unaudited results of operations

The following unaudited consolidated pro forma financial results combine the historical results of Nova, Pivot Onsite Innovations and the Company to present the results as if the Nova and Pivot Onsite Innovations acquisitions had occurred on January 1, 2024. The pro forma information is presented for illustration purposes only and is not necessarily indicative of results of operations that would have been achieved had the acquisition occurred on that date, nor is it indicative of future results.

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
	(unaudited) (in thousands)
Total revenue	$	561,147	$	526,465	$	1,098,450	$	1,041,382
Net income attributable to the Company	$	46,401	$	53,486	$	90,829	$	103,762